@techreport{Buch2000Information,
abstract = {Information costs and regulatory barriers are the main distinguishing features of international financial markets as compared to national financial markets. This paper presents a simple model of the impact of these factors on banks? cross-border activities and provides empirical evidence. Our dataset allows us to capture both the times-series and the cross-section dimension of information costs and changes in regulations, in particular, for intra-EU asset holdings. While EU membership per se seems to have had a negative impact on cross-border banking activities, the adoption of the Single Market clearly had a positive impact. While regulations and information costs are important for all reporting countries, their relative importance differs between countries.},
address = {Kiel},
author = {Claudia M. Buch},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {F21; G21; 330; cross-border banking; information costs; panel cointegration; Internationale Bank; Internationaler Finanzmarkt; Portfolio-Investition; Bilanzstrukturmanagement; Informationskosten; Bankenpolitik; Kapitalmarktliberalisierung; EU-Binnenmarkt; Panel; Sch\"{a}tzung; Frankreich; Deutschland; Gro\ss{}britannien},
language = {eng},
number = {1011},
publisher = {Kiel Institute for the World Economy (IfW)},
title = {Information or Regulation: What Is Driving the International Activities of Commercial Banks?},
type = {Kieler Arbeitspapiere},
url = {http://hdl.handle.net/10419/17710},
year = {2000}
}